President Trump has redefined government.
While he still has much of the swamp to drain, there is little doubt that his business-like approach to government influences DC.
One Trump staffer did something rarely seen in government. As NPR explains, a government agency has been disbanded.
The Consumer Financial Protection Bureau continues to come under fire by the man running the watchdog agency — Mick Mulvaney, the interim director appointed by President Trump.
In his latest action, Mulvaney moved on Wednesday to effectively dismantle the agency’s consumer advisory council. “It’s quite clear that we’ve been fired,” said Kathleen Engel, a law professor at Suffolk University and a member of the CFPB’s Consumer Advisory Board.
The board is designed to help consumer groups work with the CFPB to identify problems facing Americans who are treated unfairly by financial firms.
Previously, when he was in Congress, Mulvaney sponsored legislation to abolish the bureau. In April, he said he wanted to shut down public access to a popular government database at the CFPB. In February, he indicated he wanted to scale back the CFPB’s role as a watchdog. And under Mulvaney, the CFPB delayed a new payday lending regulation and dropped an investigation into one payday lender that contributed to his campaign.
If there was any organization within government that was more dangerous than disgraced former FBI Director James Comey’s FBI, it’s the CFPB.
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In 2014 the Daily Beast called Elizabeth Warren “the most powerful Democrat in America”.
Perhaps this is why.
Interestingly, Warren created the Consumer Financial Protection Bureau, then gave it practically unlimited power.
From The Hill:
When the Dodd-Frank financial regulation bill was first marked up, back in 2010, the conference of the House and Senate Banking Committees started at 2 p.m. one day and ended at 5:30 a.m. the next.
The mark-up went all night.
The Consumer Financial Protection Bureau (CFPB) was inserted in the bill, which passed on a partisan vote. All the Democrats voted for it.
At the time — and later on the floor of the Senate — I pointed out that the CFPB’s director would be the most powerful bureaucrat in Washington since J. Edgar Hoover reigned over the FBI.
I was wrong. The director of the CFPB dwarfed Hoover as a rogue director of a rogue bureau.
The power invested in the director of the CFPB was, and still is, unencumbered by any limiting authority of those elected to govern.
He is a person who under Dodd-Frank answers to no-one.
This agency was stacked from top to bottom with Democrats. Because for the ruse to work, Democrats needed to stack the deck. Then, they ran roughshod over America.
In terms of draining the swamp, this may be the most powerful move the Trump administration made in a long time.
I wrote that what the CFPB has done will be one of the Top 5 of Democratic Party scandals.
New York Post reports on the CFPB slush fund:
Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.
Retained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure, Rubin says. […]
Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.
The “progressive” agenda shows up in full force with this agency.
They say CFPB is a Democrat shop with an anti-business agenda that goes well beyond protecting consumers and includes closing the “wealth gap” and administering “economic justice,” as Cordray has been fond of saying. It hires almost exclusively Democrats and “rejects Republican job applicants,” according to former CFPB enforcement attorney Ronald Rubin. Federal election data show 100 percent of political donations made by CFPB employees during the 2016 election were given to Democratic candidates.It’s no surprise then that the agency has:
- Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.
- Retained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure, Rubin says.
- Met behind closed doors to craft financial regulatory policy with notorious bank shakedown groups who have taken hundreds of thousands of dollars in federal grant money to gin up housing and lending discrimination complaints, which in turn are fed back to CFPB, according to Investor’s Business Daily and Judicial Watch.
- Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.
Let’s hope that we get real answers to what this group did during the Obama Era. I’m convinced this is yet another of these “non-scandals” of which Obama brags.
Hopefully people go to prison for their participation in yet another Leftist fraud against American citizens.
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